Secure Income REIT PLC (LON:SIR) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 423 ($5.53) and last traded at GBX 422.76 ($5.52), with a volume of 106951 shares trading hands. The stock had previously closed at GBX 421 ($5.50).
Separately, Goldman Sachs Group reiterated a “buy” rating on shares of Secure Income REIT in a research report on Thursday, August 8th.
The company’s 50-day moving average price is GBX 406.38. The company has a market cap of $1.36 billion and a PE ratio of 8.67. The company has a current ratio of 2.42, a quick ratio of 2.40 and a debt-to-equity ratio of 86.54.
About Secure Income REIT (LON:SIR)
Secure Income REIT specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows. At 30 June 2018, the Group's investment property portfolio was valued at £2.3 billion, producing £124.5 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of 21.4 years.
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